Luxor Teams With Millennium to Protect Lumber

Published 8:31 AM ET Tue, 26 Jan 2016
Globe Newswire

VANCOUVER, British Columbia, Jan. 26, 2016 (GLOBE NEWSWIRE) -- Luxor Industrial Corporation, (TSX:LRL.V) ( OTC:LXRRF) a leading manufacturer and distributor of engineered commercial and residential wood building products, today announced that it has partnered with Millennium Fire LLC to use its Millennium Advanced Framing Lumber™ technology (MAFL16) to protect wood. Luxor will initially apply this coating on its architectural wood products.

Millennium Fire’s core product, which is MAFL16 has five key ingredients, one of which is a technology developed by No Burn Inc. that defends against fire. Additional key ingredients create a protective coating that defends against, mold, ultra violet and moisture, which among other things protect the lumber during construction exposure. This MAFL16 coating will allow Luxor’s architectural products to meet the California Wildland, Urban Interface Codes. These new fire codes have been adopted in eight Western States as a result of massive wild fires. Luxor will also market its architectural products in regions where fire codes have not been introduced so the national specifying community can select this advance lumber protection on their exterior wood details.

The current exchange rate and Luxor’s factory proximity to the United States border provides an additional advantage in manufacturing these products for export.

Steve Conboy, President and CEO of Millennium Fire LLC states, “No Burn is by far the best technically in the fire coating industry and Millennium is now their only OEM in North America. Luxor’s management team has experience with coating lumber and recognizes the value in coated wood to protect against things like fire and mold.” For more on Millennium Fire LLC visit them at www.MFiress.com

Bill Kish, President and CEO or No Burn Inc. states, “We're pretty excited about the synergies that are occurring between No Burn Inc., Millennium Fire and Luxor, particularly with regards to Steve Conboy's value added plan and program. We believe these treated products are going to be accepted and viewed as the 'New Gold Standard.'"

Forward Looking Statements

This news release contains forward looking statements. Although Luxor believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Luxor can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Additional information may be accessed through the Sedar website: www.sedar.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.